The Central/South America hotel development pipeline comprises 399 hotels totalling 65,895 rooms, according to the May 2014 STR Global Construction Pipeline Report.
The total under contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
Among the countries in the region, Guyana reported the largest expected room growth (+51.0 percent) if all 222 rooms under contract open. Five other countries reported expected room growth of more than 15 percent: Paraguay (+45.4 percent with 916 rooms); Panama (+22.0 percent to 3,631 rooms); Brazil (+21.7 percent with 44,861 rooms); Colombia (+17.9 percent with 4,358 rooms); and Bolivia (+17.6 percent with 594 rooms).
Please note: STR Global recently revised the pipeline definitions. What was formerly known as the Total Active Pipeline is now referred to as Under Contract. The Pre-Planning phase also has been renamed to the Unconfirmed phase.
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